Loan week

A round up of the latest syndicated loan market news.
Australia

ABC Learning has successfully raised A$530 million via a multi-tranche facility provided by Commonwealth Bank of Australia and Westpac Banking Corp. The loan comprises two three year tranches and a three month portion. Proceeds are for general corporate purposes.

Mandated arrangers BNP Paribas, National Australia Bank and Royal Bank of Scotland have provided a A$370 million 10 year multi-tranche loan to Hope Down Iron Ore on a club basis. National Australia Bank held A$136.7 million while BNP Paribas and Royal Bank of Scotland took A$116.7 million apiece.

Proceeds are to support the development of a mine construction project in the Pilbara region of Western Australia and to provide for general corporate funding requirements.

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